My focus is on properties that are slightly positive in cash flow, while also offering capital appreciation potential, and ideally being self-sustaining in the long run.During a recent visit to LA, I didn’t quite feel confident about the current state of things there.

You can leverage and be creative but you don't have the foundation to sustain buying 10 properties in 1 year.

Current prices and APR are not sustainable, it will inevitably crack and crash.

Consider the cashflow off that first property as a sustainment cost.

He either purposely took advantage or he is unstable in some manner. either way want him out now..

Their bank does not offer this service in reoccurring manner.

His manner was off-putting, and he insinuated dishonesty on my part, which is baseless and offensive.

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

@Anton Mattli Could you please provide a recommendation on how we can sustain a business with another model? 

One of the benefits here is that you can save a bit on closing costs but the PPP (pre-payment penalty) structure may be more aggressive, ultimately inhibiting your ability to sell off if needed - since the loan would need to sustain a minimum debt service.